Home Equity Line of Credit (HELOC)

How much can you save with Alliant?

• Home Equity Line of Credit Rate Comparison

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Leverage the Value of Your Home.

Life throws a few curve balls, but you’ve got some equity in your home to help you handle home repairs, unexpected expenses or buy that must-have item. A Home Equity Line of Credit from Alliant gives you the piece of mind and spending power you need at a moment’s notice.

• Rates as low as 4.000% APR
• Revolving line of credit means you have the flexibility to borrow funds as you need them, up to your credit limit
• Interest rate adjusts annually and is based on the Prime Rate plus or minus a margin
• Term of 15 years
• As you pay back principal, the funds become available to use again
• Available in the following states

Alliant’s Home Equity Line of Credit features several attractive benefits that can save you time and money.

• No closing costs, application, appraisal or annual fees
• Quick approval process
• Borrow up to 80% of your home’s value upon qualification*
• Potential tax savings — the interest may be tax deductible (consult your tax advisor)
• Convenient automatic payment options
• Free checks for easy access to your home equity funds

Best of all, we offer competitive rates.

*The maximum applies to all states in which Alliant offers home equity products except the following states (where the maximum LTV is 75%): AZ, FL, MI, NV. $1,000 fee on loans over $250K.

Frequently Asked Questions

How do I choose between the different equity products?
Each type of product has specific advantages. For example, the Home Equity Line of Credit (HELOC) gives you the flexibility to use the funds on an “as-needed” basis. Whereas the Home Equity Loan gives you a one-time draw, especially useful for a large initial purchase. Consult with an Alliant Home Equity specialist to find the loan that’s right for your situation.

Why do I need a home equity loan?
From time to time, everybody has unexpected expenses, cash shortfalls, home repairs or large purchases to make. Instead of cashing in stocks or other investments that may increase in value over time, you can use the equity in your home to open an Alliant Home Equity Line of Credit or Home Equity Loan. You’ll get a low interest rate and the flexibility of low monthly payments too.

How much equity do I need in my home to open an Alliant Home Equity account?
The amount of equity you currently have in your home will determine the credit limit or loan value. Consult with an Alliant Home Equity specialist to determine your estimated credit limit or loan value amount.

MEMBER'S CHOICE™ Protection - valuable protection that helps safeguard you and your family when you may need it most

Alliant is pleased to offer MEMBER’S CHOICE™ Protection for Home Equity Loans and Home Equity Lines of Credit (HELOC). By choosing this valuable protection, you’ll be adding a safety net for loan payments that helps to bring peace-of-mind for you and your loved ones should you encounter unforeseen financial difficulty due to disability, involuntary unemployment or death. (Note: MEMBER’S CHOICE™ Protection is not offered on Interest-only Home Equity Lines of Credit.)

Home Equity Protection Options

To take advantage of this benefit, simply check your preferred protection package on the Loan Application. The fee will be added to your outstanding balance each month. This valuable protection can be added at any time.

Option #1: Home Equity Life Plan

• Protects up to two borrowers per loan
• Protection for loss of life only
• Cancels your outstanding loan balance up to $100,000 in the event of death

Option #2: Equity Complete Plan

• Protects up to two borrowers per loan
• Protection includes loss of life, disability and postponement of payments due to involuntary unemployment
• Cancels your outstanding loan balance up to $100,000 in the event of death
• Cancels your monthly loan payment for up to twelve months or $12,000 in the event of disability
• Defers your monthly loan payment for up to six months if involuntarily unemployed

MEMBER’S CHOICE™ Protection Agreement for Home Equity (PDF)

MEMBER’S CHOICE™ Protection contains certain terms and exclusions. Protection is not available for term loans or Interest-only Home Equity products. The protected borrower(s) may not be eligible for all benefits. Refer to the MEMBER’S CHOICE™ Protection Agreement for complete details. The MEMBER’S CHOICE™ Protection fee will be added to your loan and calculated in your monthly payment. Rates, terms and conditions are subject to change. Purchase of this protection is voluntary and not required in order to obtain credit. We will not consider whether or not you elect this protection in making our credit decision.

DPGAP-0612-0235

Check our fee schedule.